Three-Unit
113 Lake Street, Bellingham, MA 02019
For Sale
$640,000
Two residences have been renovated, and the property includes a relatively recent roof and septic system.
Property Size2,730 SF
Price / SF$234.43
Days on Market38
Property Features for 113 Lake Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Pinto Real Estate
Listed By:
Luciano Souza
(508) 371-5372
Source:
Highlandre
Added: Oct 1
Changed: Nov 7
Last Checked: Nov 6 at 8:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pinto Real Estate
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Investment Insights
Based on property information with market context.
This 2,730-square-foot triplex contains three units and dates to 1930. Two units have been renovated. The property also has a roof and septic system that are newer than the original improvements.
Key Highlights
- Three‑unit residential property
- 2,730 square feet; built in 1930
- Two of the three units have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,904
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,080
$978.1K
Cap Rate 7%
$698,629
$698.6K
Cap Rate 9%
$543,378
$543.4K
Market Conditions
NOI Build-Up for 2,730 SF
Gross rent
$73.7K $27.00/SF
− Vacancy
−$3.8K −$1.41/SF
EGI
$69.9K $25.59/SF
− OpEx
−$21.0K −$7.68/SF
NOI
$48.9K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,080
Cap Rate 7%
$698,629
Cap Rate 9%
$543,378
Alternative Uses
Best Use
Multifamily LT 5
$698.6K
$611.3K – $815.1K
NOI $48,904 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$644.6K
$564.0K – $752.0K
NOI $45,122 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,131 @ 7.0% cap · market cap 17.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
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Business Placement
Demographics for 02019, MA
16,945
Population
6,555
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
18.3 sq mi
ZIP Area
926
Density / Sq Mi
$120,966
Median Household Income
$61,453
Median Earnings
$1,788
Median Rent
$425,900
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Norfolk County, MA
Properties on Market for Triplexes in Norfolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two residences have been renovated, and the property includes a relatively recent roof and septic system.
Where is this triplex located?
The property is located at 113 Lake Street Bellingham, MA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Three‑unit residential property; 2,730 square feet; built in 1930; Two of the three units have been renovated
